BFCM INVESTOR PRESENTATION Year 2019 · 2020. 6. 9. · INVESTOR PRESENTATION MAY 2020 - BFCM Crédit Mutuel CIC Targobank Cofidis 4 Crédit Mutuel Alliance Fédérale at a glance

INVESTOR PRESENTATION MAY 2020 - BFCM

MAY 2020

BFCM INVESTOR PRESENTATION – Year 2019

INVESTOR PRESENTATION MAY 2020 - BFCM2

Disclaimer

This document has been prepared by Banque Fédérative du Crédit Mutuel ("BFCM") solely for use in this presentation.

This document may contain a number of statements that are not historical facts, including statements about Crédit Mutuel Alliance Fédérale and BFCM’s beliefs and expectations. These statements may constitue forward-looking statements. Forward-looking statements are based on current plans, estimates and objectives, which are subject to uncertainty and may prove to be untrue. Therefore undue reliance should not be placed on them.

Forward-looking statements are only made as of the date of this presentation, and neither the Group nor BFCM undertakes any obligation to update publicly any of them in light of new information or future events.

This presentation is not to be reproduced by any person other than its original recipient. Crédit Mutuel Alliance Fédérale and BFCM take no responsibility and assume no liability for the use of these materials by any such person.

This presentation and subsequent discussion does not constitute a public offer for the purposes of any applicable law or an offer to sell or solicitation of an offer to purchase any securities or other financial instruments and no part of it shall form the basis of or be relied upon in connection with any investment .

Audit procedures have been performed on the key financial figures disclosed on 20th of February. The audit certificate will be issued after finalization of the additional procedures required for the publication of the annual financial report.

Crédit Mutuel Alliance Fédérale (“The Group”) represents the Group members of the Caisse Fédérale de Crédit Mutuel and the consolidated data of its subsidiaries: the Caisses de Crédit Mutuel Centre Est Europe, Sud-Est, Ile de France, Savoie-Mont Blanc, Midi-Atlantique, Loire-Atlantique & Centre-Ouest, Centre, Normandie, Dauphiné-Vivarais, Méditerranée and Anjou, Massif Central, Antilles Guyanne and their common Caisse fédérale (CF de CM), and of the Banque Fédérative du Crédit Mutuel, its main subsidiaries: ACM,CIC,Targobank Germany, Targobank Spain, Cofidis, BECM, CIC Iberbanco , EI and others.


Agenda

Crédit Mutuel Alliance Fédérale at a glance1. Crédit Mutuel Alliance Fédérale organization2. Crédit Mutuel Alliance Fédérale key takeaways 3. Financial highlights by business lines 4. Risk management5. Capital-MREL 6. Funding policy 7. SMR

AppendicesOrganization chartResults by business linesStrategic planAwards

p.4p.6-7p.9-13p.15-19p.21-24p.26-29p.31-37p.39-40

p.41p.42p.44-50p.52-55p.57


Crédit Mutuel CIC Targobank Cofidis

4

Crédit Mutuel Alliance Fédérale at a glance

More than 26 million clients c.4.8 mn members 4,338 branches €47.1 bn equity capital

4 mainbrands

Aa3 / stable A / negative AA-/ negative

A real cooperative Group belonging to its members A ‘bancassureur’ business model Financing the real economy A strong financial profile An entrenched innovative culture


1.Crédit Mutuel Alliance Fédérale

organization

INVESTOR PRESENTATION MAY 2020 - BFCM 6

Crédit Mutuel Group organization

18 FEDERATIONS CRÉDIT MUTUEL GROUPstructure & governance

c.7.8 million members 34.2 million clients c.22,000 voluntary local board members c.83,000 employees

(1) CMNE: Crédit Mutuel Nord Europe(2) CM MABN: Crédit Mutuel Maine Anjou Basse Normandie(3) CMO: Crédit Mutuel Océan

As at December 2019

2,053

Crédit Mutuel Local Banks

18

Regional Federations

6«Caisses fédérales»

Confédération Nationale

du Crédit Mutuel

CMMA-BN (2)

Crédit Mutuel Alliance Fédérale

National Body

Crédit Mutuel ARKEA

CMNE (1)

CMO (3)

REGIONAL BANKS


Crédit Mutuel Alliance Fédérale

7

A cooperative banking group with one issuer (*) as at December 2019

1. Funding arm of Crédit Mutuel Alliance Fédérale2. Manager of the Group’s liquidity,

critical & payment functions, access to ECB3. Owner of all business lines out of

the mutual perimeter

Cooperative entities of the Group

OtherSubsidiaries

Technology,Media,Logistics

Crédit MutuelAlliance Fédérale

Crédit Mutuel Home Loan

SFH

Issuerof

Covered Bonds

Consolidation level Issuer4.8 mn Members & 14,841 unpaid board members

BFCM Group

CIC Group

1,415 (1) Crédit Mutuel Local Banks13 Regional Federations

1 Caisse Fédérale de Crédit Mutuel

Banque Fédérative du Crédit Mutuel SABFCM

Bond issuer on Capital Markets

(*) including Crédit Mutuel Home Loan SFH(1) As at January 1st 2020

- Bancassurance Network,- Private Banking,- Private Equity,- CIB

Bancassurance

GACM (Insurance),Targobank inGermany & Spain,Cofidis5 regional banks



key takeaways


Crédit Mutuel Alliance Fédérale : strong results (Dec.2019)

9

Net revenues

strong commercial momentum, in line with the 5 year PMT

Operating Expenses

well under control, significant investments in technolgy&HR

Gross Operating Incomeoperational efficiency

Cost of Risk

an exceptional provison, but low COR as % of total loans

Net Profit

best year result ever

5,356

8,714

904

2,993

historical performance

+3.5%

+5.1%

+2.6%

+5.1%

+17.4%

14,569

8,942

5,627

1,061

3,145

€mn


Record results for 2019

Proof of sustainable collective performance

Year one of the strategic plan: results for 2019 on track in terms of business growth, profitability and stability

Crédit Mutuel Alliance Fédérale, the bank for the regions: strong commercial momentum in the local bankinsurance networks and main business line

subsidiaries

Crédit Mutuel Alliance Fédérale, the bank of everyone: assisting all our customers, including the most vulnerable, and helping to boost their purchasing

power

Social and societal commitments: openness, gender equality, diversity and preservation of the digital privacy of customers and members

Major commitments to the energy transition: financing of coal energy and unconventional oil and gas to cease

10


Crédit Mutuel Alliance Fédérale : Net Banking Income & Net Income fromoperational activities

11

€ mio

Contribution by business units(*)

Retail banking Insurance Specializedbusiness lines

IT-medialogistic (*)

Crédit Mutuel Alliance Fédérale CIC Targobank Germany / Spain COFIDIS Factoring / leasing Asset management

Groupe desAssurances du Crédit Mutuel

Commercial banking Investment banking Private banking Private equity

Euro Information EI Telecom Media

Net revenues 10,537 1,778 1,557 1,806

% of operationalbusiness lines

67% 11% 10% 12%

Net Income 1,971 873 560 123

% of operationalbusiness lines

56% 25% 16% 3%

€mn

(*) operational activities, excluding holding


Crédit Mutuel Alliance Fédérale : contribution by geographic regions

12

well defined core markets

€mn

France Germany Spain &Portugal

Europe others

Revenues(1) 10,580 1,697 631 783 187

76.3% 12.2% 4.6% 5.6% 1.3%

(1)excl inter-cie accounts exl holdings

24 %

88% of the Group net revenues made in France + Germany


24 bp

22 bp

61.9% 6.2%16.6%

6.3%

13

Financial performance

EFFICIENCY & SOLIDITY

High profitability Solid capitalisation & liquidity

June 2019Dec 2019

RoRWA Cost to income

LCR( average)

CET1 ratio-FL

Cost of risk

Leverage ratio-FL (1)

1.4%

60.6%

61.4%

27 bp

131.2%142.8%

17.4%

17.3% 6.4%

(1) excl.transitional measuresDec 2018

1.4%


4.Financial highlights

by business lines


Crédit Mutuel Alliance Fédérale intends to maintain the strength of its local network

Network adaptation to local demographic & economic trends and technical possibilities

95% of the loan approvals are done locally

Dedicated account managers

232,000 corporates financed in 2019

The new strategic plan leads to the acceleration of the diversification :

To a resolutely multiservice strategy , DNA of the Group

To the deployment of an innovative commercial approach-pioneer in cognitive & digital solutions in France

To the launch of a real estate offer last year for old buildings & a telecommunication service offer (high speed BOX)

The success of this diversification strategy is demonstrated by:

The French residential remote surveillance = No. 1 in 2019 (with c.30% market share) , more than 31,000 new clients in home surveillance in 2019

More than 233,000 new clients in mobile phones-No.5 French telecom operator (No.1 wihout own network)

Investments for development

Training: 6.6% of payroll

HR and salary policy

Technological developments : “private cloud” deployment, new data centers with latest technology and top-level Tier IV Build certification under construction

15

Activity (1/3) : The strength of the local network for a multiservice strategy


€bn FY.2019 FY.2018Change (1)

in %

Customers loans (included leasing) (1) 383.6 361.7

Total savings (1) 637.9 582.5 +9.5%

o/w customers deposits (1) 336.8 302.3

o/w Insurance savings 99.2 95.1 +4.3%

o/w financial savings 201.9 185.1 +9.1%

16

Activity (2/3) : Financial figures

+6.1%

+11.4%

‘Bancassurance’, the core business of the Group, remains strong thanks to positive new business figures in all segments and the extension of cross-selling to new services adapted to the customer needs and the persistent low interest rate environment

Excluded repurchase agreements


Activity (3/3) : Financial figures

336.8 €bn

Deposit outstanding is up to respectively 8% and 11.5% at Crédit Mutuel Alliance Fédérale and CIC networks

+4.0 %

+12.1 %

+8.2 %

% - yoy

Breakdown of deposit

+5.3%

+33.9% (*)

Crédit Mutuel BancassuranceBranch Network

The CM customers are private individuals (87%), business customers and companies (8%) up to +3% and associations (3%)

CIC Bancassurance Network

The CIC customers are private individuals up to 1,3%, business customers and companies (20%) up to +3%

5.2 million customers1,898

branches+1.7 %

customers as at

Dec.2019

4.7 million members

1,920 points of

sale

7,1 million customers

+1.7%

(excluding purchase agreements)

+11.4% yoy


GACM: Insurance 1/2

Groupe des Assurances du Crédit Mutuel (GACM) accounts for c.25% of the Group net profit

(1)EAE: Equity Accounted Entities share net income of associates

€mn Y.2019 Y.2018 Change

Net insurance income 1,778 1,822 -2.4%

Operating expenses -629 - 584 +7.7%

Gross operating income 1,149 1,238 -7.2%Net gains/losses on other assets and

associates(1) 97 28 ns

Result before tax 1,246 1,267 -1.6%

Corporate income tax -374 -423 -11.6%

Net result 873 844 +3.4%


€mn FY 2019 FY 2018 Change(cst scope)

property insurance 2,208 2,087 +5.8%

of which cars 1,220 1,153 +5.8%

personal protection 3,190 3,044 +4.8%

of which borrowers 1,635 1,558 +5.0%

total risk insurance 5,430 5,161 +5.2%

life insurance 6,651 6,783 -2.0%

others activities 153 139 +9.8%

consolidated premium 12,233 12,083 +1.2%

19

Breakdown of insurance policies by segment Breakdown of consolidated premiums

GACM the insurance subsidiary of Crédit Mutuel Alliance Fédérale offers a wide range of life and non life products.

12.2 €bn : gross written premiums (+1.2%)12.5 mn policy holders (+2.7%)c.32 mn insurance policies (+3.2%)

GACM: Insurance 2/2

32 mn+3.2% yoy


5.Risk management


Loan portfolio: a low risk profile

383.6 €bn (*)

Loan outstanding amount to 383.6(*) €bn up to +6,1% yoy 191€bn home loans representing 50% of the total portfolio (with +6.7% increase) consumer&revolving loans raised at +8.0% (10 % of the loan portfolio) equipment&leasing an increase of 7.1% totalling more than 28% of total portfolio

+6.1% yoy+6.7 %

+8.0 %

+7.1 %

-1.3 %

% - yoy

Dec 15 Dec 16 Dec 17 Dec 18 Dec 19

Cost of risk

0.26% 0.24% 0.24% 0.22% 0,27%

unrealized CoR -0.01% -0.01% 0.01% 0.03% 0.03%

individual basis CoR 0.27% 0.26% 0.23% 0.19% 0.24%

Loan portfolio Overall cost of risk - % of customer loan outstanding

customer loans

ns

(excluding repos)


22

Cost of risk still reflecting the good assets quality

NPL: 12.079€bn (11,577 €bn as at Dec. 2018)

Total provisions for loan impairments : 8.444 €bn (8.019 €bn as at Dec. 2018)

Cost of risk: 1,061 €mn in 2019 (+157 €mn)

Gross doubtful loan ratio: 3.07 % as at Dec.2019 (3.05% Dec.2018)

Coverage of proven risk: 53.6% as at Dec.2019


Credit quality of exposures by business sector or type of counterparty as of December 2019

23

0,2%

0,3%

0,4%

0,4%

0,5%

0,5%

0,6%

0,8%

0,8%

0,8%

1,1%

1,1%

1,1%

1,1%

1,3%

1,5%

1,6%

1,6%

1,9%

2,1%

2,2%

2,3%

2,4%

2,7%

3,6%

4,8%

4,9%

18,8%

38,4%

Telecommunications

Chemistry

Non-profit organizations

Media

Household products

Utilities

Healthcare

High technology

Automotive

Oil & Gas Commodities

Travel & leisure

Other assets

Food & beverages

Farmers

Industrial transportation

Real Estate development

Other financial activities

Holdings & conglomerates

Manufacturing goods and services

Shares

Construction & Building Materials

Other real estate (Inc. Rental and…

Individual business owners

Distribution

Miscellaneous

Other group subsidiaries

Banks and financial institutions

Public administrations

Private individuals

3,7%

3,1%

2,0%

Pri

vate

ind

ivid

ual

s

Mis

cella

ne

ou

s

Dis

trib

uti

on

Trav

el &

leis

ure

Oth

er

fin

anci

al a

ctiv

itie

s

Ind

ivid

ua

l bu

sin

ess

ow

ner

s

Co

nst

ruct

ion

& B

uild

ing

Mat

eri

als

Man

ufa

ctu

rin

g go

od

s an

d s

erv

ice

s

Ho

ldin

gs &

co

ngl

om

era

tes

Oil

& G

as C

om

mo

dit

ies

Farm

ers

Re

al E

stat

e d

eve

lop

me

nt

Ind

ust

rial

tra

nsp

ort

atio

n

Foo

d &

be

vera

ges

Oth

er

real

est

ate

(In

c. R

en

tal a

nd

…

Oth

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gro

up

su

bsi

dia

rie

s

Ho

use

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ld p

rod

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Au

tom

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ve

Me

dia

He

alth

care

Hig

h t

ech

no

logy

No

n-p

rofi

t o

rga

niz

atio

ns

Pu

blic

ad

min

istr

ati

on

s

Uti

litie

s

Ch

em

istr

y

Tele

com

mu

nic

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Ban

ks a

nd

fin

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s

Shar

es

%= Provisions/Performing exposure

Restructured exposures in its performing and nonperforming books, as defined by the principles enunciated by the EBA onOctober 23, 2013. Restructuring does not automatically mean classification in default (Status 3) but does mean classification in Status 2 at least

Low exposure in sensitive sectors

Travel and Oil&Gas were the sectors which the greatest provisions had been granted to as of December 2019


An Exposure at Default within solid regions and diversified activitiesas of December 2019

24

Retail clients49%

Corporate22%

Central Governments and

similar, and central banks

21%

Institutions (banks)

5%

Shares2% Other assets

1%

EAD by category

€594 bn

Europe96%

Other countries 4%

EAD by geographic area

France86%

Germany6%

Other countries8%

EAD by geographic area - Europe

€594 bn €594 bn


6.Capital


Capital position (1/3)

Equity capital including minority interest-€bn Equity capital breakdown-€mn

(*) attributable to owners Cie

39,6

41,0

43,6

47,1

2016 2017-IAS39 2018-IFRS9 2019


Reg. capital position as at 31st of December 2019 (2/3)

Crédit Mutuel Alliance Fédérale SREP CET1 ratio requirement & gap to actual-%(*) Fully loaded Basel III, as at Dec 2019

Dec.2016 Dec.2017 Dec.2018 Dec.2019

Excl P2G


Capital position (3/3)

CET1 ratio FL

as at Dec, 31st 2018: 16.6% +70 bp

as at Dec, 31st 2019: 17.3%

Total capital ratio FL

as at Dec, 31st 2018: 19.7% +70 bp

as at Dec, 31st 2019: 20.4%

Leverage ratio

as at Dec, 31st 2018: 6.2% +20 bp

as at Dec, 31st 2019: 6.4%

Dec 2019 Dec 2018

CET1 EQUITY - € mn 38,995 35,474

RWA - € mn 225,713 214,048

Crédit Mutuel Alliance Fédérale capital ratiosFully loaded (FL) Basel III, Dec 2019 - Dec 2018

excluding transitional measures

(2) excl. transitional measures


Crédit Mutuel Group : MREL

Crédit Mutuel Group : MREL

MREL(1) is set for the Crédit Mutuel Group on consolidated basis: of 23.7% of the Risk Weight Assets (RWA) above 8% of Total Liabilities and Own Funds (TLOF)2:

As at December 31, 2017, the Crédit Mutuel was in compliance with the MREL requirement enacted by the SRB.

MREL equal to: 14.97% of TLOF 38.18% of RWA.

Since the Group satisfied the MREL determined on the basis of the 2018 resolution cycle, this minimum level is applicable with immediate effect.

(1)data based as of December 31, 2017.(2) The requirement is equal to the default requirements publicly announced by the SRB, i.e. LAA=P1+P2R+CBR, RCA=P1+P2R, and MCC=CBR-125bp


7.Liquidity & Funding


RATINGS

MOODY’S S&P (3) FITCH RATINGS (2)

Senior-Preferred-Unsecured Aa3 A AA-

Outlook(1) stable negative negative

Senior-Non-Preferred Baa1 A- A+

Tier 2 Baa1 BBB+ A-

Senior-Preferred-Short-Term Debt P-1 A-1 F1+

Intrinsic Rating Adjusted Baseline Credit

Assessment (Adj BCA)

a3

Stand Alone Credit Profile (SACP)

a

Viability Rating (VR)

a+

Ratings

As at 12th May 2020

(1) Senior preferred(2)Following the COVID-19 crisis: IDR remains at A+, outlook revised to negative as at March 2020(3)Following the COVID-19 crisis: rating remains at A/A-1, outlook revised to negative


Liquidity profile

Centralised management of funding &Assets-Liabilities:

strong approach of severe liquidity stress significant buffer in anticipation of LCR guidance high coverage of liquidtity gap

Drivers of liquidity

€bn Dec 2019

Cash & deposits at Central Banks 66.4

LCR securities ( after haircut LCR) 26.54

of which HQLA L1 21.1

Other central bank eligible assets 41.8

Total liquidity reserves 134.7

LCR (*)

2019: 142.8% 2018: 131.2%

Strong capacity to generate liquidity

A solid deposit base:

customer deposit inflows remains strong up to +11.4%

Loan to deposit of 114.2% vs 121.9%

Access to stable sources of funding

diversified debt programs international investors base

Funding policy management

promote MLT funding internal reallocation of wholesale funding strong liquidity buffer

(*) year average


Medium-Long term funding policy

USD 1.6 bn

GBP1.4 bn

EUR 11.5 bnCHF 525 mn

Yen 130 bn

Senior unsecured Senior secured Capital issuance:

Benchmark issues in EUROA USD benchmark issue per year

A Samurai benchmark issue per yearPrivate placements

( c.30% of the total MLT issuances)

Benchmark issues in EURO AT1 not relevant T2 in EURO

USA Europe Japan

Australia

AUD 161 mn

Funding strategy : various programs, diversified currencies, international investors base

33

Funding raised in 2019

9%9%

18%65%

Funding raised in 2019


Redemption profile as at Dec 2019


2020 Funding program

15 €bn funding plan 9.96 €bn raised as at the 27th of May 2020 66% of funding plan completed 6.18 years maturity

EUR85%

GBP9%

USD3%

CHF2%

Senior preferred24%

Covered Bonds30%

NPS20%

NEU MTN&Dep23%

CRH3%

9.96 €bn


2019 main public issues

Issued in Type currency amount coupon years Maturity

Jan-19 Senior EUR 1,250 0.75% 4+ Jun-23

Jan-19 Senior GBP 400 2.25% 5 June-23

Jan-19 Secured EUR 1,000 0.25% 5 Apr-24

Jan-19 Secured EUR 1,000 1% 10 Jan-29

Fev-19 Senior CHF 100 0.40% 5 Feb-24

Mar-19 NPS EUR 1,000 1.75% 10 Mar-29

Apr-19 Senior CHF 200 0.25% 6+ Jul-25

Apr-19 Senior EUR 1,500 0.75 % 7 Jun-26

May-19 Senior CHF 125 0.20% 7 Jun-26

June-19 T2 EUR 1,000 1.875% 10 Jun-29

June-19 Senior GBP 500 1.75% 5+ June-24

Jul-19 Senior EUR 1,000 0.125 % 4+ Feb-24

Oct-19 Senior GBP 250 1.5% 7 Oct-26

Oct-19 Senior CHF 100 0.25% 10 Oct-29

Oct-19 Senior YEN 130,000 0.25%/0.317%/0.423% 5/7/10 Oct-24/26/29

Nov-19 Senior US 1,000/500 2.125%/2.375% 3/5 Nov-22/24


2020 main public issues

Issued in Type currency amount coupon years Maturity

Jan-20 NPS EUR 1,000 0.75% 10 Jan-30

Jan-20 Secured EUR 1,250 0.125% 10 Jan-30

Fev-20 Senior CHF 180 0.20% 8.75 Nov-28

Fev-20 Senior GBP 600 1.25% +5 Dec-25

Apr-20 Secured EUR 1,750 0.125% 5 Apr-25

Jun-20 NPS EUR 1,000 1.250% 10 Jun-30



Social & Mutualist

Responsability


SMR policy structured around 5 goals – at the heart of the strategic plan

As a committed and socially responsible player

Crédit Mutuel Alliance Fédérale develops

a policy of Social & Mutualist Responsability

S M Rhaving Sustainable Development Goals in

Members & customers Governance Social Mutual identity Environmental

some examples: banking inclusion, risk management effectiveness, coop governance 100% digital employees training gender equality +90% of members reducing Crédit Mutuel Alliance Fédérale carbon

footprint with 30% goal 30% increase in funding for climate-impact projects


SMR policy: 5 goals-15 involments-250 projects

3 criteria

Attentiveness to members&customers

Banking inclusion

Risk management

Policy in favourof vulnerable customers

2 criteria

Effectiveness of the governance bodies

CooperativeGovernancedynamics

4 criteria

SG procurementpolicy

Responsiblerelationships

Regionaldevelopment

Promote local initiatives

2 criteria

Reduce the group’senvironmentalimpact

Strengthen the high-quality offers & solutions and provide responsibleservices

4 criteria

Diversity anequal opportunity

Support careersand mobility

Promote quality of work life

Facilitate the laborrelations process

Training courses& support for electedmembers

supplier charter and duty of vigilance

QWLAgreement

Carbon footprintcompensation mechanism

Members& customersgoal

Governancegoal Societal

goal

Mutualidentity

goal

Environ--mental

goal

1

2

3

1

2

3

1

2

1

2

3

4

1

2

4


Appendices


Organization of Crédit Mutuel Alliace Fédérale

42

80%


Results by business lines


Retail Banking


Insurance


Private Banking


Corporate Banking


Capital Markets


Private Equity


IT, Logistics & Media


2019-2023 Strategic plan


2019-2023 : Strategic plan in a nutshell

1.Financial

targets

2.Human & mutualist

development goals

3.Technological investments for transformation

52


TARGET 2023(*)

53

revenues

< 60%

costto

income

> 4 €bn

Netprofit

> 1.5%

RoRWA

> 18%

CET1

+ 3%/year

1. Financial targets

(*) all other things being equal/at a constant regulatory scope


>30%

TRANSFORMATION TRAINING

GIVEN TO STAFF

GENDER EQUALITY IN MANAGEMENT

&GOVERNANCE

MEMBERSHIP RATE

PROJECT

FINANCING WITH STRONG

ENVIRONMENTAL IMPACT

REDUCTION IN THE GROUP’S

CARBON FOOTPRINT

2. Human & mutualist development goals

+30%>90%50/50100%

TARGET 2023

54


€350million

1.2million

man-days

TECHNOLOGICAL DEVELOPMENT

CAPITAL INVESTMENTIN TECHNICAL

INFRASTRUCTURES

3. Technological investments for transformation

55


Awards


Best French Bank in Western Europe 2020 for the sixth time(Global Finance May 2020)

Preferred bank of French people(Baromètre Image Posternak-IFOP, March 2019)

Bank of the year in France for the seventh time (World Finance June 2018)

33rd World Bank at the TOP 1000 (The Banker, July 2018)11th European bank at the TOP 250 (The Banker, September 2018)

#1 French bank and 5th largest commercial bank in the euro zone in the European Banking Authority's stress test (November 2018)

Gold Trophies for the best range of diversified funds over three years(network banks) for the 3rd time (Le Revenu - 2018)

Corbeilles - Mieux vivre votre argentPerformance as at 30 June 2018

Best range of diversified funds over 1 year (2nd consecutive year)(Network banks category)

Awards

57


2018

annual results

Investors Presentation

March 2019

issuers’website:www.bfcm.creditmutuel.frwww.creditmutuel-homeloansfh.eu

http://www.bfcm.creditmutuel.fr/

http://www.creditmutuel-homeloansfh.eu/

Documents

BFCM INVESTOR PRESENTATION Year 2019 · 2020. 6. 9. · INVESTOR PRESENTATION MAY 2020 - BFCM Crédit Mutuel CIC Targobank Cofidis 4 Crédit Mutuel Alliance Fédérale at a glance